Reward & Recognisition

“ Thank you with a smile can do wonders and Appreciation can be a source of motivation! ”

Our employees shouldn’t wait for 12 months to be appreciated & appraised.

Research says, if management doesn't appreciate employee's little achievements, doesn't recognise little efforts, then employees lose interest to work with the company.

What’s your thought? How do you celebrate your employee’s achievements?

Let me throw some light on Reward & Recognition.

Competition for top talent is intense and your highly skilled employees are constantly being wooed by recruiters from other organisations. To build a strong company culture and foster employee engagement and alignment, you need to recognise their contributions in a way that makes them feel genuinely appreciated.

Basic benefits of Reward & Recognition

* Make employees happier

* Improve employee retention

* Cultivate a culture of self-improvement

* Boost morale value and employees feel satisfied

* Show increased level of performance at work

* Employees remain more focused on the job

* Depict more positive attitude

* Stay loyal and committed to their employer for long term

* Contribute towards company’s growth

The acronym R.I.S.E. is a helpful way to summarise these four employee recognition best practices:

R: Regular

We should recognise their colleagues on a consistent basis. Consistently offering appreciation for good performance sets up a reliable feedback system, developing an automatic expectation of excellence in your organisation.

I: Immediate

To best reinforce behaviour, recognition should be given in a timely way. It’s a basic truism of psychology that people learn fastest when they receive prompt responses as a result of their actions. This principle is especially relevant when you have younger employees, because millennial have grown up in the fast-paced digital era and have come to expect immediate interactions with their world.

S: Specific

Recognition should name exactly what the person did that impressed you or that reflected company values. Random or overly general words of praise can actually backfire on you and sound hollow to your workers. As Meghan Biro writes in Forbes, “Recognition should match effort and results, or it loses meaning.”

E: Encouraging

Recognition should provide positive encouragement. This statement may sound obvious at first, but it refers to the fact that each employee should receive recognition in the form that they find most personally meaningful. Identify different approaches to employee appreciation. These include words of affirmation and tangible gifts.

The need for appreciation is fundamental to every human being. When this need is understood and fulfilled in a workplace context, it creates a positive environment in which employees feel motivated to excel.